Mega has updated its company constitution, making it easier for the file storage and encryption firm with more than 18 million registered users to list after a failed attempt to join the NZX through a back-door listing earlier this year. The company filed a new constitution to the Companies Office on July 6 which added specific provisions for listing the company, stating that the “board …

Wednesday July 8 The Guardian leads with Chinese stocks tumbling again after Chinese Premier Li Keqiang’s failure to mention the deepening market crisis in a statement on the economy. Li had said yesterday before the market opened that China had the confidence and ability to deal with challenges faced by its economy. But he had nothing to say about the …

NZX, which is New Zealand’s only registered stock market operator, “strongly opposes” a bid by share trading platform Unlisted to be exempted from new licensing requirements, saying its lack of basic shareholder protections could tarnish the reputation of the country’s capital markets. Unlisted is petitioning Commerce Minister Paul Goldsmith for an exemption from being licensed by the Financial Markets Authority, as required …